AUD/USD sticks to mild gains above 0.6700 as US dollar fades recovery amid mixed sentiment – by anilpanchal7 AUDUSD RiskAppetite RBA Fed Inflation
pair also takes clues from China, as well as the US Dollar’s retreat, to print mild gains of late.
That said, the weekend data suggesting a heavy jump in China’s New Home Prices for March, the highest in 21 months, seem to underpin the AUD/USD pair’s recovery. Adding strength to the corrective bounce is the US Dollar’s retreat amid a reassessment of the previously hawkish Fed concerns.Index eases to 101.60 as it fades the previous day’s rebound from the lowest levels in one year.
Alternatively, the Reserve Bank of Australia’s pause to rate hike trajectory and the likely escalation in the US-China tension, due to Beijing’s ties with Russia, seem to keep a tab on the AUD/USD prices. While portraying the mood, the S&P 500 Futures print 0.20% intraday gains as it reverses the previous day’s pullback from the highest levels since early February around 4,172. Further, the US 10-year and two-year Treasury bond yields pare the previous week’s 3.0% gains with minor losses around 3.52%% and 4.11% respectively.
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